date:Feb 21, 2014
es fell 6.9 percent in the fourth quarter after falling 8.6 percent in the third quarter. This compared with analysts' average forecast for an 8.7 percent decline in a company-compiled consensus.
Infant formula inventories were however now back to normal and recovery plans to get sales back on track were being deployed in the countries affected and had some impact with the pace of recovery varying from market to market.
Chairman and Chief Executive Franck Riboud told analysts, The fundamentals